The CBDT has clarified that mandatory quoting of Aadhaar or enrolment ID shall apply only to a person who is eligible to obtain Aadhaar number.

Social security cost has been an important consideration when evaluating an overseas assignment. For example, Indian employees travelling to overseas countries on an assignment would be required to contribute towards Indian s

Promoting digital economy and demotivating cash transactions was one of the key agendas in the Union Budget 2017.

There is no requirement to visit the income tax department to link Aadhaar with PAN. It can be done by logging-in to the income tax department’s e-filing portal (https://incometax indiaefiling.gov.in/).

Deduction on interest earned from savings bank accounts in banks, co-operative society (engaged in banking), post office is allowed against taxable income up to Rs 10,000 per annum.

Advance tax is the income tax required to be paid in advance on estimated income of a tax year. The onus of estimating the taxable income and discharging the due tax liability on such income in advance, is on an individual ta

The clock is ticking towards the tax filing due date of July 31, for financial year 2015-16. Release of the tax return forms by the revenue authorities triggers the tax return filing process. We have discussed a few of them a